Important Abbreviations in Economic Survey 2017 - 2018

Economic Survey is presented by the Department of Economic Affairs, Ministry of Finance every year before the Union Budget is released. The Economic Survey is the Annual Economic Development of the Country from the Finance Ministry’s view. This Economic Survey of India charts down the development programs which are vital to the country and the policy initiatives of the government and also the prospects of the economy in medium or small term.

The Economic Survey is presented in both the houses of the Parliament during the budget session. The Budget will be released in the forthcoming days and we will also update the Budget Highlights in our website soon.

Since many abbreviations are asked in the IBPS CLERK MAINS EXAM and also in the recently held south Indian bank Clerk Exam , we thought of providing the important Abbreviations which are mentioned in the Economic Survey 2017 – 2018. This will be a total list of the important abbreviations from the Economic Survey 2017 – 2018.

Take a short Quiz from the Abbreviations which you have studied from the list above. This will help you to benchmark your preparations in the abbreviations side. Take the Quiz and comment your scores in the comment section.

1. What is the Full form of CRAR ?

(A) Capital to Risk-weighted Asset Returns

(B) Capital to Right-weighted Asset Ratio

(C) Capital to Risk – with Assets Ratio

(D) Capital to Risk-weighted Asset Ratio

(E) Capital to Risk-weighted Appropriate Ratio

2. What is the Full form of GNI ?

(A) Gross National Income

(B) Gross Neutral Income

(C) General National Invoice

(D) Gross Near Incorporate

(E) General National Income

3. What is the Full Form of IBC ?

(A) Insolvency and Bankruptcy Code

(B) Insolvency Banking Code

(C) Indirect Banking Corporate

(D) Inherited Bank Cash

(E) Insolvency Bank Cycle

4. What is full form of SCB ?

(A) Scheduled Corporate Banks

(B) Single Concerned Banks

(C) Separate Corporate Banks

(D) Segregated Commercial Banks

(E) Scheduled Commercial Banks

5. What is the full form of CPI ?

(A) Consumer Price Index

(B) Consumer People Index

(C) Costlier Price Incentive

(D) Cost Per Index

(E) Corporate Price Incentive

6. What is the full form of FII ?

(A) First Insitutional Investigator

(B) Foreign Institutional Investor

(C) Field Investor Institutions

(D) Foreign Investor Investigation

(E) Foreign Investor Institution

7. What is the Full Form of IRR ?

(A) Investor Reusable Rate

(B) Internal Repo Rate

(C) Initial Return of Rate

(D) Internal Rate Of Return

(E) Immediate Return Rate

8. What is the full form of NFA ?

(A) No Frills Account

(B) No Fade Amounts

(C) Number of Find Amount

(D) Next Freezing Account

(E) Numbered Fixed Account

9. What is the full form of SRR ?

(A) Statutory Required Rate

(B) Seed Replacement Rate

(C) Send Recovery Rate

(D) Serial Repo Rate

(E) Serial Random Recovery

10. What is the full form of FRN ?

(A) Floating Rate Note

(B) Fixed Repo Rate

(C) Flying Reversed Rate

(D) Floating Repo Rate

(E) Finding Removed Rate

Aspirants can check the answers for the above questions from the options provided below and please comment the scores from the quiz in the link below.

1. (D)

2. (A)

3. (A)

4. (E)

5. (A)

6. (B)

7. (D)

8. (A)

9. (B)

10. (A)

We have also highlighted the Important points of the Economic Survey 2017 -2018 in BANKERSDAILY. Please click the link below to check the Important updates about the Economic Survey 2017 – 2018.